NOT LISTED FOR SALE

1003 Alabama Ave Kannapolis, NC 28083

Estimated Value: $266,000 - $300,527

3 Beds
2 Baths
1,252 Sq Ft
$225/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $162,500 $130 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,723/month

189 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Level Lot
  • Walk-In Closet
  • 1-Story Property

About This Home

As of March 2020

Adorable remodeled home on a quiet dead end street. Good size master bedroom with ensuite and walk in closet. House has been freshly painted and has brand new flooring. New cabinets in kitchen and bathrooms. Granite counter tops in the kitchen. New lighting through out the house. The lot also has a small mobile home at the back of the property that has it's own address and driveway. It is currently rented at this time but could be used as a mother in law quarters. Tenant has been there since 2014 and pays on time. Tenant would like to stay. They pay $325 a month.

Last Agent to Sell the Property

Teresa Ross

Premier Real Estate Team Inc. License #244522 Listed on: 07/24/2019

Last Buyer's Agent

Jim Mooney

NorthGroup Real Estate LLC License #242931

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1946

Lot Details

  • Lot Dimensions are 100x150
  • Level Lot

Parking

  • 1

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5622-17-8863-0000

Home Details

Home Type

Single Family

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98187
  • Ratio Close Price By Original Li: 0.98187
  • Ratio Current Price By Acre: 477941.18
  • Ratio Current Price By Sq Ft: 129.79
  • Year Built: 1946
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Dryer Hookup, Electric Range, Exhaust Fan, Ice Maker Connection, Microwave, Electric Oven
  • Flooring: Carpet, Tile, Vinyl Plank
  • Interior Amenities: Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Second Living Quarters: Separate Living Quarters
  • Second Living Quarters Hla: 600
  • Main Level Sq Ft: 1252
  • Total Sq Ft: 1252

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Detached Garage, Driveway, Garage - 1 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Heat Pump - AC, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Lot Dimension: 100x150
  • Lot Features: Level
  • Parcel Number: 5622-17-8863-0000
  • Zoning Specification: RV

Tax Info

  • Tax Value: 71340.00
  • Tax Location: Kannapls/cab

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2019
Closed on
Mar 12, 2020
Sold by
Ross Teresa N and Ross Steven
Bought by
Mcgraw Danny R and Mcgraw Michele A
Seller's Agent
Teresa Ross
Premier Real Estate Team Inc.
Buyer's Agent
Jim Mooney
NorthGroup Real Estate LLC
List Price
$165,500
Sold Price
$162,500
Premium/Discount to List
-$3,000
-1.81%
Current Estimated Value
$282,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,632
Avg. Annual Appreciation
9.85%
Original Mortgage
$159,556
Outstanding Balance
$141,971
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$140,161

Purchase Details

Closed on
Oct 1, 1996
Bought by
Ross Teresa N and Husband Steven

Purchase Details

Closed on
Feb 1, 1988
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcgraw Danny R $162,500 None Available
Ross Teresa N $77,000 --
-- $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgraw Danny R $159,556
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2020 03/12/20 Sold $162,500 -1.8% $130 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
01/20/2020 01/20/20 For Sale $165,500 0.0% $132 / Sq Ft
01/08/2020 01/08/20 Pending -- -- --
07/24/2019 07/24/19 For Sale $165,500 -- $132 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,095 $272,550 $47,000 $225,550
2024 $3,095 $272,550 $47,000 $225,550
2023 $2,143 $156,450 $28,000 $128,450
2022 $2,143 $156,450 $28,000 $128,450
2021 $2,143 $156,450 $28,000 $128,450
2020 $1,562 $113,980 $28,000 $85,980
2019 $977 $71,340 $16,000 $55,340
2018 $963 $71,340 $16,000 $55,340
2017 $949 $71,340 $16,000 $55,340
2016 $949 $77,230 $18,000 $59,230
2015 $973 $77,230 $18,000 $59,230
2014 $973 $77,230 $18,000 $59,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3533146

Canopy MLS (Canopy Realtor® Association)

APN: 5622-17-8863-0000